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- Trump makes chilling preparations for possible war with Iran
- PODCAST: Trump's 'Freedom Day' Tariffs, along with an unexpected push for the death penalty in the Luigi Mangione case. Tune into Welcome to MAGAland here.
As stock markets decline and the Trump administration faces criticism over the president's 'reciprocal' tariffs, White House Press Secretary Karoline Leavitt attempted to reverse the situation by shifting the topic Nancy Pelosi ' s previous remarks criticizing China tariffs.
Leavitt brought up the former House House Speaker's long record of resisting efforts to grant China preferred trading status – delivering a walk-off speech at the end of her White House briefing Tuesday.
' Democrats have long said that the United States of America has been ripped off by the countries around the world. They just don't want to admit it now, because it's President Trump who is saying that,' said Leavitt.
"In June 1996, Nancy Pelosi addressed the House floor. She encouraged her peers to combat the prevailing trade policies that had led to America’s trade imbalance with China," as stated.
In reality, Nancy Pelosi stated: ‘To what extent must China progress? How much more suppression will occur? What size of trade imbalance needs to persist? How many jobs must U.S. workers lose before this becomes evident to the members of Congress?’ House of Representatives "Well, I stated 'I will not support the current state of affairs,'" Leavitt cited Pelosi as saying.
Those were Nancy Pelosi’s words back in 1996. Now, after twenty-seven years, President Trump has finally responded to her call. Today, Nancy Pelosi might want to thank President Trump for this. The 104% counter-tariff set to come into effect. on China in 2007.'
Pelosi was part of a group of Democrats who opposed giving China Permanent Normal Trade Relations status. This decision facilitated China’s rapid growth in economic strength, despite its unchanged closed political framework.

Leavitt additionally cited Senate Minority Leader Charles Schumer discussing the 'devastating trade imbalance.'
She spoke after Pelosi's past comments surfaced on Fox News .
Leavitt's briefing Tuesday afternoon came after three successive market plunges following Trump's announced tariffs. She also gave an unexpected response to a feud between Elon Musk and Trump trade advisor Peter Navarro, saying 'boys will be boys.'
Her other comments on China did not appear to soothe markets, as she reasserted that Trump's new 50% tariff would take effect at 12:01 AM Tuesday. The tariffs set off a global selloff, with heightened fears of inflation or even a recession.
'It was a mistake for China to retaliate. The president, when America is punched, he punches back harder. That’s why there will be 104% tariffs going into effect on China tonight at midnight, but the president believes that Xi and China want to make a deal,' she said. 'They just don’t know how to get that started.'



She then attempted to offer reassurance: "Should China extend an olive branch for negotiations, he will be remarkably magnanimous."
She stated that Trump thinks "China desires to strike an agreement."
Pelosi criticized Trump's tariffs in a statement released on April 4.
"The Trump Administration's blatant incompetence is causing an economic downturn due to a self-created catastrophe, with hardworking American families suffering the most," she stated.
"Don’t be mistaken: President Trump’s irrational tariffs will lead to increased costs, deplete retirement funds, and bring us dangerously close to a recession." She cited Ronald Reagan’s warnings about protectionism, even criticizing the well-known Smoot-Hawley tariff from 1930.
Pelosi, among the most affluent representatives in the House, has witnessed her own finances tank As the stock market declined.
Trump cabinet members also saw Their individual stock investments wither.
On Tuesday, the S&P 500 index fell by 1.6%, whereas the Dow Jones IndustrialAverage declined by 0.84%. Since last week, the total loss in valuation acrossWall Street investments has amounted to several trillion dollars.
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